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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

Energy Oil & Gas E&P
Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria, an interest in the Venus light oil and associated gas discovery, offshore Namibia, and an exploration/appraisal portfolio in west and south of Africa. The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies, including Prime Oil & Gas Cooperatief U.A. (Prime); Impact Oil and Gas Limited (Impact); Africa Energy Corp. (Africa Energy), and Eco (Atlantic) Oil & Gas Limited (Eco). The Company is focused on its Nigerian assets, Namibian Orange Basin opportunity set (Blocks 2913B and 2912), Block 3B/4B in South Africa's Orange Basin, and Equatorial Guinean exploration blocks (EG-18 and EG-31). The Block 3B/4B covers an area of approximately 17,581 square kilometers (km2) within the Orange Basin offshore of the Republic of South Africa. The Company has approximately 17% interest in Block 3B/4B.


TSX:AOI - Post by User

Africa Oil Corp. > Reuters September 4th.
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Post by radcaton Sep 05, 2022 3:52pm
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Post# 34942514

Reuters September 4th.

Reuters September 4th.4 years will go fast. Its like waiting for the next olympics. Can't wait to win the black gold metal :)


Namibia Sees TotalEnergies and Shell Oil Projects Starting Production in 4 years

 September 2, 2022

Maersk Drilling's Maersk Voyager drillship was used to make TotalEnergies' Venus discovery offshore Namibia. Photo from Maersk Drilling.
Maersk Drilling's Maersk Voyager drillship was used to make TotalEnergies' Venus discovery offshore Namibia. Photo from Maersk Drilling.

 Oil discoveries by TotalEnergies and Shell off the coast of Namibia could start production in four years, Namibia Energy Minister Tom Alweendo said at a conference in Dakar on Thursday.

Alweendo said Namibia had agreed with the companies that they should start production as fast as possible.

 (Reuters - Reporting by Bate Felix/Writing by Alessandra Prentice; Editing by Kirsten Donovan


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